Create a financial statement for your hypothetical new business venture. Lets use a Food Truck. Using the above template, and based on surveying a specific market place, make a best-guess estimated statement exhibiting profit and loss.

Income Statement For the Year Ended (Month/Date/Year) Revenue: Gross Sales Less Sales Returns and Allowances Net Sales $0.00 $0.00 $0.00 Cost of Goods Sold: Beginning Inventory Add: Purchases Direct Labor Indirect Expenses Less Ending Inventory Cost of Goods Sold Gross Profit (Loss) $0.00 50.00 $0.00 $0.00 $0.00 $0 00 $0.00 $0.00 50.00 50.00 $0.00 50.00 $0.00 Expenses: Advertising Bank Charges Commissions Contract Labor Credit Card Fees Delivery Expenses Dues and Subscriptions Insurance Interest Maintenance Miscellaneous Office Expenses Payroll Permits and Licenses Postage Professional Fees Property Taxes Rent Telephone Travel Utilities Total Expenses 50.00 $0.00 $0.00 50.00 50.00 50.00 $0.00 $0.00 50.00 $0.00 50.00 $0.00 $0.00 50.00 $0.00 $0.00 $0.00 Net Operating Income $0.00 Other Income: Gain (Loss) on Sale of Assets Interest Income Total Other Income 50.00 50.00 $0.00 Net Income (Loss) $0.00